Telus Sheds 6,000 Positions Amid Rising Competition and Regulation
Telecommunications behemoth Telus Corp (TSX: T) has announced its intention to cut 6,000 jobs as part of an effort to
Read more
job cuts
Shopify Jumps 28% After Announcing 20% Job Cuts, Sale Of Delivery
Shopify Inc. (NYSE: SHOP), a burgeoning competitor to Amazon, is selling the two largest elements of its fulfillment network and
Read more
BuzzFeed Slumps 20% After Shutting Down News Division
BuzzFeed, Inc. (Nasdaq: BZFD) is closing its news division and laying off 15% of its employees. The company announced the
Read more
Ernst & Young to Slash 5% of its US Workforce in Effort to Reduce Redundant Roles
Business consulting service Ernst & Young (EY) is preparing to cut about 3,000 jobs, citing “overcapacity” and deteriorating macroeconomic conditions.
Read more
McDonald’s Closes US Offices, Tells Staff To Work From Home As Layoffs Loom
McDonald’s (NYSE: MCD) is closing its US headquarters and instructing US and some international employees to work remotely between Monday
Read more
18% Staff Layoffs, Over 600 Recalls: Is Lucid Motors Still Lucid?
Lucid Group (NASDAQ: LCID) announced plans to let off hundreds of employees during an all-hands meeting on Tuesday. Lucid CEO
Read more
Disney Shares Rally After Beating Q1 2023 Estimates, Announcing 7,000 Job Cuts
The Walt Disney Company (NYSE: DIS) has announced a massive corporate restructuring that will result in the layoff of 7,000
Read more
Tech Names Top Layoffs In Past Year As Job Cuts Continue
Tech names are leading the pack of companies who have had massive layoffs in the last 12 months, with more
Read more
Amazon Prepares to Cut 18,000 Jobs as E-Commerce Demand Wanes
Amazon is feeling the freeze as demand for online shopping wanes. The e-commerce giant is embarking on the biggest set
Read more